EFCPA

Per the worksheet - Box 1 is to input the amount per the 1099 R received. and Box 2a is to enter the taxable portion of that distribution.

However the taxable portion of that distribution DOES NOT carry to line 4 b on page 1 of the 1040. Instead, the full amount of the distribution gets reported as taxable. Additionally, line 4a of page 1 of Form 1040 is blank, instead of properly reporting total distributions received.

Why do you have an input box 2a on the 1099 R worksheet if it does not properly carry the taxable amount to page 1 of the return?

I spent 2 hours on phone with tech support today and they had no answers.

This seems to be a big flaw in your programming and is misleading to tax preparers.

Hopefully you will research this and correct where needed.

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Comments
Level 15

The program is correct.  If there is basis in the IRA you need to use form 8606.